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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/excitement-grows-as-bitcoin-surges-in-the-crypto-market/" data-wpel-link="internal">Excitement Grows as Bitcoin Surges in the Crypto Market</a> 
<ul class="Summary"> 
 <li><a href="https://en.coin-turk.com/investors-turn-to-bitcoin-january-2024-options/" data-wpel-link="internal">Bitcoin</a>‘s rise creates investor excitement after 2021 highs.</li> 
 <li>Spot Bitcoin ETF approvals contribute to volatile price movements.</li> 
 <li>Ahmet Mahfi Eğilmez suggests a 20% crypto allocation in portfolios.</li> 
</ul> 
After the highs of 2021, the levels seen for the first time in cryptocurrencies seem to have created great excitement among investors. Bitcoin, which reached an all-time high in November 2021, later entered a decline and had ended just above $15,000 by the end of 2022. 2023 has been a fantastic year for cryptocurrencies, with Bitcoin settling above $40,000 as the year came to an end. 2024 brought a new breath to cryptocurrencies. 
<h2 style="text-align: justify" id="prominent-economist-comments-on-cryptocurrency">Prominent Economist Comments on Cryptocurrency</h2> 
Although only two months into 2024, the year already seems to hold many stories for cryptocurrencies. The approval of spot Bitcoin ETFs in mid-January and the subsequent volatile price action indicate a fast start for investors. 
Following the ETF approval, <a href="https://en.coin-turk.com/exploring-the-crypto-landscape-predictions-and-developments-for-2024/" data-wpel-link="internal">BTC</a> instantly rose to $49,000 but then retreated to $38,500 before beginning to recover. 
Recent price movements, which started a few days ago and peaked today, seem to have turned investors’ eyes back to the world of cryptocurrency. Bitcoin’s price surpassed $64,000 in the past few hours, reaching a level not seen since November 2021. 
Amidst these price movements, a comment has come from one of Turkey’s famous economists, Ahmet Mahfi Eğilmez. 
After a long time, Eğilmez made a new comment on cryptocurrencies, exciting investors following a user’s reminder of a statement made about Bitcoin 7 years ago and asking for his current opinion. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-320937" src="https://coin-turk.com/wp-content/uploads/2024/02/ahmet-mahfi-egilmez-coin-turk-com.jpg" alt="" width="541" height="138"> 
In his statement, Eğilmez mentioned that a lot has changed between 7 years ago and now, suggesting that investors could hold up to 20% in cryptocurrencies in their portfolios. However, he also cautioned investors to be careful. 
<h2 style="text-align: justify" id="current-bitcoin-situation">Current Bitcoin Situation</h2> 
The price of Bitcoin surged to $64,000 this evening within minutes. After this level, BTC experienced a sharp pullback, falling below $60,000. 
After the selling pressure, the price rose again above $61,000 and is maintaining its course in this region. The price movement seems to parallel the warnings made by Mahfi Eğilmez. 
Just a few hours after the expert mentioned that the ups and downs could be very sharp, the price movements of $4,000 up and down were reflected in the charts. 
On the other hand, looking at Bitcoin’s market capitalization, its value has risen to $1.2 trillion. Lastly, examining the trading volume, there was a 44% increase due to intense investor interest, with the value rising to $75 billion. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/excitement-grows-as-bitcoin-surges-in-the-crypto-market/" data-wpel-link="internal">Excitement Grows as Bitcoin Surges in the Crypto Market</a></h5>

Excitement Grows as Bitcoin Surges in the Crypto Market

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